JPMorgan Explores Game-Changing Blockchain Deposit Tokens For Swift Cross-Border Payments
Portfolio Pulse from Piero Cingari
JPMorgan Chase & Co. is exploring the development of a blockchain-based digital deposit token to enhance the efficiency of international transaction settlements. The bank has laid the groundwork for this payment method, but it still requires approval from U.S. regulators. These tokens could offer fast settlements and potential cost savings. Pending regulatory approval, JPMorgan could introduce this product to its corporate clients within the next year.

September 07, 2023 | 10:20 pm
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JPMorgan Chase is developing a blockchain-based digital deposit token, which could enhance the efficiency of international transaction settlements. This could potentially introduce new revenue streams and increase the bank's competitiveness in the digital payments sector.
The development of a blockchain-based digital deposit token by JPMorgan Chase could potentially enhance the efficiency of international transaction settlements. This could lead to faster and more cost-effective transactions for the bank's clients, potentially attracting more business and increasing the bank's competitiveness in the digital payments sector. However, the impact is dependent on regulatory approval.
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